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News release

09 July 2024

Beijing office market sees continuous rental adjustment

According to JLL Beijing’s 2024 H1 Property Market Review

Authors

KC

Kyrah Cheng

AY

Andrey Yang

Office	Q2 2024
Vacancy	12.1%
New Supply	0 sqm
Rental Change	-3.3% q-o-q

Retail	Q2 2024
Vacancy	4.5%
New Supply*	385,000 sqm
Rental Change	0.9% q-o-q

Industrial	Q2 2024
Vacancy	15.8%
New Supply	277,248 sqm
Rental Change	-1.1% q-o-q

Hotel*	YTD May 2024
Occupancy	66.3%
ADR*	CNY 1,073
RevPAR*	CNY 712

Luxury Apartments	Q2 2024
New Supply	721 units
Capital Values Growth	-1.5% q-o-q
Rental Change	-1.8% q-o-q